Franco Nevada (FNV) Price Target Raised to C$126.00 at Canaccord Genuity

Franco Nevada (TSE:FNV) (NYSE:FNV) had its price objective upped by equities research analysts at Canaccord Genuity from C$125.00 to C$126.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 40.55% from the company’s current price.

Other research analysts have also issued research reports about the company. CIBC boosted their price target on Franco Nevada from C$110.00 to C$120.00 in a research report on Tuesday, November 7th. National Bank Financial cut their price objective on Franco Nevada from C$107.50 to C$102.50 in a report on Friday, January 26th. TD Securities upped their price objective on Franco Nevada to C$123.50 and gave the company a “buy” rating in a report on Tuesday, November 7th. Eight Capital restated a “neutral” rating on shares of Franco Nevada in a report on Thursday, November 16th. Finally, Royal Bank of Canada upped their price objective on Franco Nevada from C$100.00 to C$116.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Franco Nevada currently has an average rating of “Hold” and an average target price of C$115.21.

Shares of Franco Nevada (TSE FNV) traded up C$0.46 during mid-day trading on Tuesday, reaching C$89.65. The company’s stock had a trading volume of 280,432 shares, compared to its average volume of 487,726. Franco Nevada has a one year low of C$81.01 and a one year high of C$110.18. The firm has a market cap of $16,540.00, a price-to-earnings ratio of 88.73 and a beta of -0.53.

In other news, Director David Harquail sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$99.33, for a total transaction of C$496,650.00. Also, insider Lloyd Hyunsoo Hong sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$96.81, for a total value of C$387,240.00. In the last 90 days, insiders sold 29,000 shares of company stock valued at $2,843,090.

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Franco Nevada Company Profile

Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company has interests in silver, platinum group metals, oil and gas and other resource assets. The Company is engaged in resource sector royalty/stream acquisitions and management activities. It has a portfolio of properties in the United States, Canada, Mexico, Peru, Chile and Africa.

Analyst Recommendations for Franco Nevada (TSE:FNV)

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